Local company offers new lending system for the medical industry

To address the ever-increasing costs of heathcare, startup company LendMed may be just what the doctor ordered.

“Hospitals can’t always anticipate the specific needs of every patient or afford to keep every medication or surgical device in their inventory,” explained Ryan Freiden, Founder of LendMed. “As a result, hospitals in the United States borrow from one another nearly 50,000 items per week.”